Angiolillo Bruce D 4

What Happened
Bruce D. Angiolillo, a director of ProAssurance Corporation, had 35,652 shares disposed of to the issuer on June 26, 2026. The shares were converted into cash at $25.00 per share as part of the merger consideration, resulting in proceeds of $891,300. This was a disposition to the issuer tied to the merger rather than an open‑market sale.

Key Details

• Transaction date and price: June 26, 2026 — 35,652 shares at $25.00 per share for $891,300 total.
• Transaction type: Disposition to issuer (D) — conversion/cancellation of shares for cash under the Merger Agreement.
• Shares owned after transaction: Not specified in the Form 4; filing indicates the reported shares were cancelled/converted into cash at the Effective Time.
• Relevant footnotes:
  • F1: Merger closed pursuant to the Merger Agreement among ProAssurance, The Doctors Company (Parent) and Merger Sub.
  • F2: Deferred director stock awards (Deferred Shares) and dividend equivalents were converted into the right to receive cash equal to share count × Merger Consideration.
  • F3: Each outstanding common share (other than excluded shares) was cancelled and converted into $25.00 cash per share (the Merger Consideration).
• Filing timeliness: Report filed with the same report date (June 26, 2026); no late filing flagged.

Context
This was not an open‑market sale or a purchase signal — it reflects the corporate action from the merger that converted outstanding and deferred shares into cash at the agreed merger price of $25.00 per share. Such dispositions tied to a change‑of‑control are routine administrative effects of a merger and do not, by themselves, indicate personal trading intent.